- PRIMECAP Management's Strategic Moves: AstraZeneca PLC Exits with a -2.57% Impact
May 11, 2026
This article first appeared on GuruFocus.
Exploring PRIMECAP Management (Trades, Portfolio)'s Recent 13F Filing and Investment Strategies
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PRIMECAP Management (Trades, Portfolio) recently submitted its 13F filing for the first quarter of 2026, offering a glimpse into its strategic investment decisions during this period. Founded in 1983 in Pasadena, CA, PRIMECAP Management (Trades, Portfolio) Company operates as an independent investment management firm. The company manages U.S.-focused equity portfolios for a select group of institutions and mutual funds. PRIMECAP's investment philosophy is rooted in four key principles: individual decision-making, commitment to fundamental research, a long-term investment horizon, and a focus on value. The firm employs a multi-counselor investment model, granting each portfolio manager autonomy over a distinct segment of each fund. PRIMECAP seeks stocks poised to outperform the market over a three to five-year horizon, often targeting undervalued companies and industries. This approach allows the firm to maintain its course even when short-term fundamentals appear challenging, driven by conviction from thorough research.
Key Position Increases
PRIMECAP Management (Trades, Portfolio) also increased stakes in a total of 75 stocks, among them:
The most notable increase was Adobe Inc (NASDAQ:ADBE), with an additional 1,054,640 shares, bringing the total to 4,730,846 shares. This adjustment represents a significant 28.69% increase in share count, a 0.2% impact on the current portfolio, with a total value of $1,149,974,050. The second largest increase was Boeing Co (NYSE:BA), with an additional 786,810 shares, bringing the total to 795,910. This adjustment represents a significant 8,646.26% increase in share count, with a total value of $158,409,970.
Summary of Sold Out
PRIMECAP Management (Trades, Portfolio) completely exited 8 holdings in the first quarter of 2026, as detailed below:
AstraZeneca PLC (NYSE:AZN): PRIMECAP Management (Trades, Portfolio) sold all 36,915,261 shares, resulting in a -2.57% impact on the portfolio. CyberArk Software Ltd (CYBR): PRIMECAP Management (Trades, Portfolio) liquidated all 30,500 shares, causing a -0.01% impact on the portfolio.
Key Position Reduces
PRIMECAP Management (Trades, Portfolio) also reduced positions in 177 stocks. The most significant changes include:
Reduced Micron Technology Inc (NASDAQ:MU) by 2,920,732 shares, resulting in an -11.78% decrease in shares and a -0.63% impact on the portfolio. The stock traded at an average price of $391.72 during the quarter and has returned 93.90% over the past 3 months and 178.78% year-to-date. Reduced KLA Corp (NASDAQ:KLAC) by 438,315 shares, resulting in a -15.24% reduction in shares and a -0.4% impact on the portfolio. The stock traded at an average price of $1,463.03 during the quarter and has returned 24.88% over the past 3 months and 52.05% year-to-date.
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Portfolio Overview
At the first quarter of 2026, PRIMECAP Management (Trades, Portfolio)'s portfolio included 320 stocks. The top holdings included 6.68% in Eli Lilly and Co (NYSE:LLY), 5.82% in Micron Technology Inc (NASDAQ:MU), 3.39% in Alphabet Inc (NASDAQ:GOOGL), 2.83% in AstraZeneca PLC (NYSE:AZN), and 2.83% in KLA Corp (NASDAQ:KLAC).
The holdings are mainly concentrated in all 11 industries: Technology, Healthcare, Industrials, Consumer Cyclical, Financial Services, Communication Services, Energy, Consumer Defensive, Basic Materials, Real Estate, and Utilities.
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- IoT in Manufacturing Market Surges to $142.63 billion by 2031 | CAGR 10.1%
May 11, 2026
Delray Beach, FL, May 11, 2026 (GLOBE NEWSWIRE) -- According to MarketsandMarkets™, the IoT in Manufacturing Market is projected to grow from USD 87.98 billion in 2026 to USD 142.63 billion by 2031 at a CAGR of 10.1% during the forecast period.
Browse 355 market data Tables and 55 Figures spread through 350 Pages and in-depth TOC on "IoT in Manufacturing Market - Global Forecast to 2031"
IoT in Manufacturing Market Share & Growth:</b>
Market Size Available for Years: 2020–20312026 Market Size: USD 87.98 billion2031 Projected Market Size: USD 142.63 billionCAGR (2026–2031): 10.1%
IoT in Manufacturing Market Analysis & Forecast:</b>
Rapid digital innovation is reshaping the IoT in manufacturing market.North America accounts for the largest market share.The solutions segment held the largest share of the IoT in manufacturing market.The cloud segment recorded the highest CAGR in the IoT in manufacturing market during the forecast period.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=129197408
The rapid advancements in digital technologies are significantly transforming the IoT in the manufacturing market. The integration of IoT with technologies such as artificial intelligence, machine learning, and edge computing is enabling manufacturers to achieve real-time monitoring, predictive maintenance, and improved operational efficiency. These smart systems allow machines to communicate with each other, reducing downtime and optimizing production processes.
Additionally, advanced sensors and connected devices are generating large volumes of data, which can be analyzed to improve decision-making and enhance productivity. As manufacturers increasingly focus on automation and smart factory initiatives, IoT is becoming a core component of modern industrial ecosystems. This technological evolution is helping organizations minimize costs, improve quality, and increase overall efficiency, thereby driving strong growth in the IoT in manufacturing market.
North America holds the largest market size.
North America holds the largest market share in the IoT in manufacturing market during the forecast period, driven by the early adoption of advanced technologies and strong industrial infrastructure. The presence of leading technology providers and manufacturing companies in the United States and Canada is significantly contributing to market growth. Organizations in this region are increasingly investing in smart manufacturing, automation, and Industry 4.0 initiatives to enhance productivity and maintain global competitiveness.
Additionally, the availability of high-speed connectivity, including widespread 5G deployment, is enabling seamless integration of IoT solutions across manufacturing operations. Industries such as automotive, aerospace, and electronics are actively implementing IoT solutions for predictive maintenance, asset tracking, and process optimization. As a result, North America continues to dominate the market with strong technological capabilities and high investment levels.
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The solutions segment contributed the largest market share for IoT in manufacturing.
The solutions segment is expected to contribute the largest market share in the IoT in manufacturing market, as organizations increasingly adopt integrated platforms to manage complex industrial operations. Manufacturers require comprehensive solutions that combine device connectivity, data analytics, monitoring, and control within a single system. These solutions help eliminate fragmented systems and improve visibility across production processes. By leveraging IoT solutions, companies can monitor machine performance in real-time, predict equipment failures, and optimize resource utilization.
This reduces downtime, enhances productivity, and improves overall operational efficiency. The demand for customized and scalable solutions is particularly high in industries such as automotive, electronics, and heavy machinery. As manufacturing environments become more complex, the need for end-to-end IoT solutions continues to grow, making this segment a key contributor to market expansion.
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The cloud segment registered the highest CAGR in the IoT in manufacturing market during the forecast period.
The cloud segment is expected to register the highest CAGR in the IoT in manufacturing market during the forecast period, driven by the increasing demand for scalable and flexible data management solutions. Cloud-based platforms enable manufacturers to store and process large volumes of data generated by IoT devices without the need for heavy on-premise infrastructure. This allows organizations to access real-time insights, improve decision-making, and enhance operational efficiency.
Additionally, cloud solutions support remote monitoring and management of manufacturing operations, which is especially beneficial for companies with multiple production sites. The integration of advanced analytics, AI, and machine learning with cloud platforms further enhances their capabilities. As businesses continue to focus on digital transformation and cost optimization, the adoption of cloud-based IoT solutions is rapidly increasing, making it the fastest-growing segment in the market.
Companies in IoT in Manufacturing Market:
Companies in IoT in Manufacturing Market include IBM (US), Microsoft (US), Google (US), Palantir (US), Oracle (US), SAS Institute (US), SAP (Germany), Adobe (US), Zoho (India), Sisense (US), Workday (US), Infor (US), Epic Systems (US), Savant Labs (US), AWS (US), Mu Sigma (US), and other vendors.
- Here’s What the Street Thinks About Adobe (ADBE)
May 10, 2026
Adobe Inc. (NASDAQ:ADBE) currently trades at a forward price to earnings ratio of 10.81, significantly lower than the sector average of 24.07. Wall Street also expects around 24% upside from the current level over the next 12-months. The stock ranks among our Most Undervalued High Quality Stocks to Buy Now.
Recently, analysts have differing views on Adobe Inc. (NASDAQ:ADBE). On April 27, Mizuho downgraded the stock from Outperform to Neutral and lowered the price target from $315 to $270. The firm noted that they became more cautious on Adobe since October 2025 due to intensifying competition from small businesses threatening the company’s long-term terminal value. Mizuho highlighted that they don’t see any clear catalysts for the stock but believe that management is making meaningful progress towards AI monetization.
Earlier, on April 22, DA Davidson had reiterated a Buy rating on the stock with a price target of $300. Contrary to Mizuho, Davidson believes that Adobe would be able to maintain its competitive advantage and capture market share despite increased competition due to its incremental increase in AI spending.
Adobe Inc (NASDAQ:ADBE) provides multimedia and digital marketing software such as Photoshop, Illustrator, and InDesign, among others. It also offers AI products such as Adobe FireFly and Adobe Sensei.
While we acknowledge the potential of ADBE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Stocks to Buy While the Market Is Down and 14 Stocks That Will Double in the Next 5 Years.
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- Adobe (ADBE) Valuation Check As New AI Productivity Agent Targets Document Workflows
May 9, 2026
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Adobe (ADBE) just introduced a new productivity agent built on Acrobat’s document intelligence, giving users AI tools for richer content creation and interactive PDF Spaces, while investors weigh what this means for document workflows and customer engagement.
See our latest analysis for Adobe.
Despite the new productivity agent launch and recent moves such as the Semrush acquisition and the Alluvium partnership in healthcare, sentiment around Adobe has been mixed. A 6.82% 1 month share price return contrasts with a year to date share price return decline of 23.04% and a 1 year total shareholder return decline of 33.20%.
If you are comparing Adobe’s AI push with other opportunities in this space, it can be helpful to see how smaller, more focused players are priced and growing, so take a look at 61 profitable AI stocks that aren't just burning cash
With Adobe trading at US$256.51, showing an intrinsic discount of 51.7% and a 27.9% gap to the average analyst target, you have to ask: is this a genuine mispricing or is the market already baking in future growth?
Most Popular Narrative: 44.2% Undervalued
At a last close of $256.51 against a narrative fair value of $460, Adobe is framed as materially undervalued in the most widely followed storyline.
The current valuation of Adobe reflects a market that is pricing in a structural obsolescence that is not supported by the company’s underlying financial performance or its aggressive technological pivots. To understand the future trajectory of Adobe, one must distinguish between the "casual generation" of digital content and the "professional production" of brand-compliant assets.
Read the complete narrative.
To examine the gap between price and narrative fair value, BlackJesus highlights three key inputs: revenue durability, margin resilience, and future earnings multiples that assume Adobe keeps its grip on professional workflows.
Result: Fair Value of $460 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, remember this narrative can break if AI tools erode Adobe’s pricing power faster than expected, or if creative professionals defect to cheaper alternatives at scale.
Find out about the key risks to this Adobe narrative.
Next Steps
Given the split between concerns and optimism in this story, do not wait on others to frame it for you. Review the 4 key rewards and 1 important warning sign
Looking for more investment ideas?
If you stop with just one stock, you risk missing out on other angles the market is offering right now, so put the Simply Wall Street Screener to work.
Story Continues
Target resilient cash generators by running through the 51 high quality undervalued stocks that combine quality fundamentals with prices that may not fully reflect them. Strengthen the defensive side of your portfolio by scanning the solid balance sheet and fundamentals stocks screener (44 results) that focus on companies with robust financial footing. Spot earlier stage opportunities with strong potential by checking the screener containing 23 high quality undiscovered gems that most investors are not watching yet.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include ADBE.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Jim Cramer on Salesforce: “It’s Tough Because the Market Hates Software”
May 9, 2026
Salesforce, Inc. (NYSE:CRM) is one of the stocks Jim Cramer shared his thoughts on as he discussed Big Tech’s AI spending. When a caller asked about the stock during the episode, Cramer said:
Okay, CRM’s very tough. It’s one of my smallest positions. It’s tough because the market hates software, whether it be Palantir, whether it be ServiceNow, whether it be Salesforce, whether it be Workday. It doesn’t matter. It hates Adobe. It hates software so much that it even has gotten to Microsoft. I’m not going to push anything that’s software.
Photo by Adam Nowakowski on Unsplash
Salesforce, Inc. (NYSE:CRM) provides CRM-focused tools that help businesses manage customer interactions, use AI agents, analyze data, collaborate, and run marketing, commerce, and field service operations. During the April 20 episode, when a caller noted that they are close to taking out their cost basis and sought Cramer’s advice on whether they should trim their position, he responded:
Okay, we have a small position for my Charitable Trust. There was an interesting article today in the Journal about how the good things that, two things that Marc Benioff sees. We’re holding it. We think that… eventually, it’s a long-term position because I think that what Marc’s talking about is stuff that will happen by 2030. If you can wait that long, there’s no need to do anything. But I think that the stock is putting in a bottom here because it’s incredibly cheap. I would not sell it at these prices.
While we acknowledge the potential of CRM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years
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- The Nasdaq's top winners are now running hotter than in 2000: Chart of the Day
May 9, 2026
The top dot-com stocks were making history in 1999 and 2000. Today's Nasdaq winners are crushing even those gains.
The top 10 performers in the Nasdaq 100 (NDX) over the past year are up an average of 784%, according to BTIG’s Jonathan Krinsky, topping the 622% average gain for the index’s biggest winners in the year leading into its March 2000 peak.
There are many differences between the two eras. But this does show that the most explosive corner of the market has already moved into dot-com-scale territory — and the cast list makes the comparison feel a little eerie.
In the year before the Nasdaq’s March 2000 peak, the index’s top performers included Strategy (MSTR), Qualcomm (QCOM), Sandisk (SNDK), Analog Devices (ADI), Lam Research (LRCX), Regeneron (REGN), Nvidia (NVDA), Cognizant (CTSH), Apple (AAPL), and Adobe (ADBE).Nasdaq 100 hottest stocks: 2000 vs. 2026·BTIG, Bloomberg, Yahoo Finance
Today’s leaderboard is different, but not exactly new.
Sandisk (SNDK) is now at the top, followed by Western Digital (WDC), Seagate (STX), Micron (MU), Intel (INTC), Lam Research, AMD (AMD), Warner Bros. Discovery (WBD), Marvell Technology (MRVL), and Applied Materials (AMAT).
Some of the echoes are direct. Sandisk and Lam Research appear on both lists, linking the dot-com runup to today’s AI-infrastructure boom.
Others are more like historical rhymes. Nvidia, Apple, and Adobe were dot-com-era winners and remain major tech players today, even though they are not in the current top 10. Applied Materials also appeared separately among the Nasdaq 100’s top performers in 1999 and just missed the 2000-window table shown here.
Strategy may be the strangest rhyme of all. It topped the 2000-window list as MicroStrategy, then one of the Nasdaq’s hottest software stocks. Today, the Michael Saylor-led company is a very different kind of market vehicle, driven mostly by its massive bitcoin exposure.
The sore thumb in the modern list is Warner Bros. Discovery. The rest of the group mostly fits the AI-infrastructure trade. WBD is a media M&A story, with its rally fueled by a takeover fight between Netflix (NFLX) and Paramount Skydance (PSKY), which ultimately struck a deal for the company.
The old boom was built around the web, networking, chips, storage, and the promise of a new digital economy. The current boom is built around AI infrastructure, memory, data centers, storage, bitcoin, and the physical limits of compute.
That makes the rhyme more interesting than a simple bubble call. The speculative energy is familiar, but the bottlenecks have changed. Investors are chasing the pieces of the market that look scarce in the next build-out.
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The aggregate numbers add one important wrinkle. Today’s top 10 have a higher average return than the 2000 comparison, but a lower median return: 354% today versus 455% then.Nasdaq 100 hottest stocks: 2000 vs. 2026·BTIG, Bloomberg, Yahoo Finance
In other words, the current Nasdaq list is hotter at the top, but more top-heavy underneath. Sandisk’s nearly 4,000% surge is doing a lot of work.
And that’s one of the takeaways for investors: The AI build-out can be real, and the biggest winners can still be priced for a lot of perfection.
Jared Blikre is the global markets and data editor for Yahoo Finance. Follow him on X at @SPYJared or email him at jaredblikre@yahooinc.com.
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- Venture Capitalist David Sacks Says Private Equity's Debt-Fueled Buyouts Are Now Software's Third Major Exit As IPOs and M&A Slow
May 8, 2026
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Private equity buyouts have effectively become a third major exit route for software companies as IPOs and M&A slow, according to venture capitalist David Sacks.
"Historically we only had two good exits for software businesses," Sacks said on the "All-In Podcast" released on April 24. "One was IPO, the other was M&A. And then these big private equity shops came along and gave us a third potential exit."
That third path, selling to private equity firms using heavy debt, is gaining traction as traditional exits cool and AI reshapes SaaS economics, said Sacks.
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Public Software Rout Sets The Backdrop
Sacks made the comments during a sharp downturn in public software stocks.
Recent market performance highlights the pressure, with ServiceNow (NASDAQ:NOW) down 54%, Snowflake (NASDAQ:SNOW) down 43%, Adobe (NASDAQ:ADBE) down 33% and Figma (NASDAQ:FIG) down 67% over the past six months.
The podcast discussion was partly driven by concerns around Medallia, a Thoma Bravo-backed company reportedly struggling, with sales teams missing targets.
Sacks pointed to a deeper shift as enterprises replace vertical software-as-a service tools with internally built AI solutions. "Agents have become so good and so fast and so cheap that many enterprises can simply spin up an alternative to a vertical SaaS solution," he said. "That's crushing the sales team's ability to sell in."
This is weakening the predictable recurring revenue that has long been central to SaaS business models.
Trending: Deloitte's #1 Fastest-Growing Software Company Lets Users Earn Money Just by Scrolling — Investors Can Still Get In at $0.50/Share
Why Debt-Fueled Buyouts Are Under Pressure
Private equity deals typically rely on stable cash flows and are often structured with roughly one-third equity and two-thirds debt. "It was believed for a long time that software did have those predictable cash flows, at least for the mature businesses," Sacks said on the podcast.
That assumption is now being tested. Declines in net revenue retention, in some cases from over 120% to 80%, are challenging the ability of leveraged companies to service debt, he said.
Sacks sees both opportunity and risk.
Public valuations have dropped sharply. The median enterprise value-to-revenue multiple now stands at 3.4x as of March, down significantly from peaks above 18x in 2021, according to Adventis Advisors. "You can buy a dollar for 50 cents," Sacks said.
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But rapid AI disruption could challenge the traditional private equity playbook, which often depends on executing operational improvements over a multiyear holding period.
See Also: Traders Are Flocking to Direxion ETFs — Targeting Tesla and Elon Musk's Market Moves
A Lifeline For Founders With New Realities
For founders and venture investors, private equity can offer a fallback as IPO and M&A windows remain constrained, Sacks said.
Such deals, however, are likely to involve tighter assumptions, more hands-on operations and less reliance on financial engineering, he said.
From SaaS Slowdown To Broader Growth
Sacks framed the SaaS struggles as part of a broader economic transition on the "All-In Podcast," citing Federal Reserve Chair nominee Kevin Warsh's comments about AI's deflationary impact during his confirmation hearing on April 21.
Warsh described AI as a major driver of productivity gains that could expand the economy's potential output and ease inflation through real efficiency improvements. Sacks agreed, arguing the deflation reflects genuine efficiency rather than economic weakness.
While AI is pressuring software incumbents, Sacks said it is also freeing up capital for businesses. Companies that cut their SaaS spending can redeploy those savings into other areas of growth, he added.
Read Next: Become a futures trading pro, without spending any money – why Plus500 is the top choice for beginner investors
AI Disruption and Market Compression Are Forcing Investors to Reassess Long-Term Strategy
As software valuations continue to reset and AI reshapes how companies build and monetize products, investors are being forced to rethink assumptions that held up for much of the past decade. The shift away from predictable SaaS growth and traditional IPO exits toward more complex capital structures is making it harder to rely on old playbooks.
In moments like this, where both public and private markets are adjusting at the same time, some investors look for more structured ways to evaluate their next steps. Platforms like AdviserMatch connect individuals with vetted financial professionals who can help them think through allocation decisions, tax considerations, and long-term portfolio strategy in the context of rapidly changing market conditions.
Building Wealth Across More Than Just the Market
Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That's why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn't tied to the fortunes of just one company or industry.
Connect Invest
Connect Invest is a real estate investment platform that allows investors to access short-term, fixed-income opportunities backed by a diversified portfolio of residential and commercial real estate loans.Through its Short Notes structure, investors can choose defined terms (6, 12, or 24 months) and earn monthly interest payments while gaining exposure to real estate as an asset class. For investors focused on diversification, Connect Invest may serve as one component within a broader portfolio that also includes traditional equities, fixed income, and other alternative assets—helping balance exposure across different risk and return profiles.
Mode Mobile
Mode Mobile is changing the way people interact with their phones by letting users earn money from the same apps and activities they already use every day. Instead of platforms keeping all the advertising revenue, Mode Mobile shares a portion back with users who engage with content, play games, and scroll on their devices. Named one of Deloitte's fastest-growing software companies in North America, the company has built a large beta user base and is scaling a model that turns everyday smartphone usage into a potential income stream. For investors, Mode Mobile offers exposure to the expanding mobile advertising and attention economy through a pre-IPO opportunity tied to a new approach to user monetization.
rHealth
rHealth is building a space-tested diagnostics platform designed to bring lab-quality blood testing closer to patients in minutes rather than weeks. Originally validated in collaboration with NASA for use aboard the International Space Station, the technology is now being adapted for at-home and point-of-care settings to address widespread delays in diagnostic access.
Backed by institutions including NASA and the NIH, rHealth is targeting the large global diagnostics market with a multi-test platform and a model built around devices, consumables, and software. With FDA registration in progress, the company is positioning itself as a potential shift toward faster, more decentralized healthcare testing.
Direxion
Direxion specializes in leveraged and inverse ETFs designed to help active traders express short-term market views during periods of volatility and major market events. Rather than long-term investing, these products are built for tactical use—allowing investors to take magnified bullish or bearish positions across indices, sectors, and single stocks. For experienced traders, Direxion offers a way to respond quickly to changing market conditions and act on high-conviction views with greater flexibility.
Immersed
Immersed is a spatial computing company building immersive productivity software that enables users to work across multiple virtual screens inside VR and mixed-reality environments.Its platform is used by remote workers and enterprises to create virtual workspaces that reduce reliance on traditional physical hardware while improving focus and collaboration. The company is also developing its own lightweight VR headset and AI productivity tools, positioning itself in the future-of-work and spatial computing space. Through its pre-IPO offering, Immersed is opening access to early-stage investors looking to diversify beyond traditional assets and gain exposure to emerging technologies shaping how people work.
Arrived
Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.
Masterworks
Masterworks enables investors to diversify into blue-chip art, an alternative asset class with historically low correlation to stocks and bonds. Through fractional ownership of museum-quality works by artists like Banksy, Basquiat, and Picasso, investors gain access without the high costs or complexities of owning art outright. With hundreds of offerings and strong historical exits on select works, Masterworks adds a scarce, globally traded asset to portfolios seeking long-term diversification.
Public
Public is a multi-asset investing platform built for long-term investors who want more control, transparency, and innovation in how they grow wealth. Founded in 2019 as the first broker-dealer to offer commission-free, real-time fractional investing, Public now lets users invest in stocks, bonds, options, crypto, and more—all in one place. Its latest feature, Generated Assets, uses AI to turn a single idea into a fully customized, investable index that can be explained and backtested before committing capital. Combined with AI-powered research tools, clear explanations of market moves, and an uncapped 1% match for transferring an existing portfolio, Public positions itself as a modern platform designed to help serious investors make more informed decisions with context.
AdviserMatch
AdviserMatch is a free online tool that helps individuals connect with financial advisors based on their goals, financial situation, and investment needs. Instead of spending hours researching advisors on your own, the platform asks a few quick questions and matches you with professionals who can assist with areas like retirement planning, investment strategy, and overall financial guidance. Consultations are no-obligation, and services vary by advisor, giving investors a chance to explore whether professional advice could help improve their long-term financial plan.
Accredited Debt Relief
Accredited Debt Relief is a debt consolidation company focused on helping consumers reduce and manage unsecured debt through structured programs and personalized solutions. Having supported more than 1 million clients and helped resolve over $3 billion in debt, the company operates within the growing consumer debt relief industry, where demand continues to rise alongside record household debt levels. Its process includes a quick qualification survey, personalized program matching, and ongoing support, with eligible clients potentially reducing monthly payments by 40% or more. With industry recognition, an A+ BBB rating, and multiple customer service awards, Accredited Debt Relief positions itself as a data-driven, client-focused option for individuals seeking a more manageable path toward becoming debt-free.
Finance Advisors
Finance Advisors helps Americans approach retirement with greater clarity by connecting them to vetted, fiduciary financial advisors who specialize in tax-aware retirement planning. Rather than focusing on products or investment performance alone, the platform emphasizes strategies that account for after-tax income, withdrawal sequencing, and long-term tax efficiency—factors that can materially impact retirement outcomes. Free to use, Finance Advisors gives individuals with meaningful savings access to a level of planning sophistication historically reserved for high-net-worth households, helping reduce hidden tax risk and improve long-term financial confidence.
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This article Venture Capitalist David Sacks Says Private Equity's Debt-Fueled Buyouts Are Now Software's Third Major Exit As IPOs and M&A Slow originally appeared on Benzinga.com
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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- Stocks Finish Higher on Solid Earnings and a Resilient Labor Market
May 8, 2026
The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.84%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.35%. June E-mini S&P futures (ESM26) rose +0.79%, and June E-mini Nasdaq futures (NQM26) rose +2.37%.
Stock indexes settled higher on Friday, with the S&P 500 and Nasdaq 100 posting new record highs. Chipmaker and AI-infrastructure stocks led the overall market higher on Friday, offsetting concerns about the Iran war. Stronger-than-expected corporate earnings are pushing stocks higher. Weakness in software stocks on Friday weighed on the Dow Jones Industrial Average.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stock indexes also found support today on signs of resiliency in the US labor market after April nonfarm payrolls rose more than expected and March nonfarm payrolls were revised upward. Stocks rallied on Friday despite a larger-than-expected decline in US consumer sentiment to a record low.
US Apr nonfarm payrolls rose by +115,000, stronger than expectations of +65,000, and Mar nonfarm payrolls were revised upward to +185,000 from the previously reported +178,000. The Apr unemployment rate was unchanged at 4.3%, right on expectations.
US Apr average hourly earnings rose +0.2% m/m and +3.6% y/y, weaker than expectations of +0.3% m/m and +3.8% y/y.
The University of Michigan’s US May consumer sentiment index fell -1.6 to a record low of 48.2 (data from 1978), weaker than expectations of 49.5.
The University of Michigan US May 1-year inflation expectations rate unexpectedly eased to +4.5% from +4.7% in Apr, weaker than expectations of an increase to 4.8%. The May 5-10 year inflation expectations rate unexpectedly eased to +3.4%, weaker than expectations of no change at +3.5%.
In the latest developments in the Middle East, Iran's semi-official Tasnim news agency said Iran seized an oil tanker on Friday in the Strait of Hormuz for "attempting to disrupt oil exports and the interests of the Iranian nation." Also, US forces targeted missile and drone launch sites and other military assets in Iran that were responsible for attacking three US Navy destroyers transiting the Strait of Hormuz. The US is awaiting a response from Iran on a proposed deal to reopen the strait, and President Trump has threatened intense strikes if Iran refuses the deal.
WTI crude oil prices (CLM26) moved higher on Friday amid a report that Iran seized an oil tanker in the Strait of Hormuz for “violations.” Crude also has support from a report that said the US is looking to restart military operations as soon as next week to guide commercial ships through the Strait of Hormuz with naval and air support. The strait remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 6% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of Friday, 83% of the 446 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets settled lower on Friday. The Euro Stoxx 50 closed down -1.02%. China's Shanghai Composite fell from a 2-month high and closed unchanged. Japan's Nikkei Stock Average closed down by -0.19%.
Interest Rates
June 10-year T-notes (ZNM6) on Friday closed up +7.5 ticks. The 10-year T-note yield fell -2.1 bp to 4.365%. T-notes moved higher on Friday amid an increase in safe-haven demand after Iran seized an oil tanker in the Strait of Hormuz and US forces attacked missile and drone launch sites in Iran that were responsible for attacking three US Navy destroyers transiting the Strait of Hormuz. T-notes added to their gains on Friday after US consumer sentiment fell more than expected to a record low, and inflation expectations eased.
Friday’s US unemployment report was mixed for T-notes. Weaker-than-expected April hourly earnings suggested slack wage pressures and were supportive of T-notes. However, gains in T-notes were limited after April nonfarm payrolls rose more than expected.
European government bond yields are lower today. The 10-year German Bund yield rose +0.2 bp to 3.005%. The 10-year UK gilt yield fell to a 2-week low of 4.864% and finished down -3.6 bp to 4.912%.
German Mar industrial production unexpectedly fell by -0.7% m/m, weaker than expectations of a +0.4% m/m increase.
German trade news was better than expected, with Mar exports rising +0.5% m/m versus expectations of -1.5% m/m. Also, Mar imports rose +5.1% m/m, stronger than expectations of +0.5% m/m and the biggest increase in 2.75 years.
ECB Vice President Luis de Guindos said the most important determinant for interest rates at the ECB's June meeting will be "whether Hormuz is reopened or not."
ECB Executive Board member Isabel Schnabel said, "If the energy-price shock broadens, monetary policy will need to tighten to contain the risk of second-round effects threatening medium-term price stability."
ECB Governing Council member and Bundesbank President Joachim Nagel said the ECB is "highly vigilant" about rising inflation risks from the Iran war and will act as needed to prevent higher energy costs from spilling over into broader prices.
Swaps are discounting a 79% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers and AI-infrastructure stocks moved higher on Friday to lift the overall market. Sandisk (SNDK) closed up more than +15% to lead gainers in the Nasdaq 100, and Micron Technology (MU) closed up more than +14%. Also, Intel (INTC) closed up more than +13%, and Advanced Micro Devices (AMD) closed up more than +10%. In addition, Qualcomm (QCOM) closed up more than +8%, and Applied Materials (AMAT), KLA Corp (KLAC), and Marvell Technology (MRVL) closed up more than +5%. Finally, ASML Holding NV (ASML) closed up more than +4%, and Lam Research (LRCX), Broadcom (AVGO), and Western Digital (WDC) closed up more than +2%.
Mining stocks moved higher on Friday as gold, silver, and copper prices rallied. Anglogold Ashanti (AU) closed up more than +7%, and Southern Copper (SCCO) and Barrick Mining (B) closed up more than +3%. Also, Coeur Mining (CDE), Hecla Mining (HL), and Newmont Corp (NEM) closed up more than +2%, and Freeport McMoRan (FCX) closed up more than +1%.
Software stocks were on the defensive on Friday, limiting gains in the broader market. Salesforce (CRM), Autodesk (ADSK), Workday (WDAY), ServiceNow (NOW), and Intuit (INTU) closed down more than -2%. Also, Adobe (ADBE) and Microsoft (MSFT) closed down more than -1%.
Fluence Energy (FLNC) closed up more than +27% after Roth Capital Partners upgraded the stock to buy from neutral with a price target of $26.
Akamai Technologies (AKAM) closed up more than +26% to lead gainers in the S&P 500 after raising its full-year revenue forecast to $4.45 billion to $4.55 billion, the midpoint above the consensus of $4.47 billion, and announcing that an AI model provider had committed $1.8 billion over seven years for its Cloud Infrastructure Services.
Monster Beverage (MNST) closed up more than +13% after reporting Q1 net sales of $2.35 billion, better than the consensus of $2.15 billion.
Corpay (CPAY) closed up more than +12% after reporting Q1 revenue of $1.26 billion, above the consensus of $1.21 billion, and raising its full-year revenue estimate to $5.25 billion to $5.33 billion from a previous estimate of %5.22 billion to $5.32 billion.
Iren Ltd (IREN) closed up more than +8% after announcing that it signed a five-year $3.4 billion AI Cloud contract with Nvidia.
Block (XYZ) closed up more than +7% after reporting a Q1 adjusted EPS of 85 cents, stronger than the consensus of 67 cents, and raising its full-year profit forecast to $12.33 billion from a previous estimate of $12.20 billion, above the consensus of $12.15 billion.
Wendy’s (WEN) closed up more than +5% after reporting Q1 revenue of $540.6 million, stronger than the consensus of $517.7.
Cloudflare (NET) closed down more than -23% after it forecast Q2 revenue of $664 million to $665 million, below the consensus of $666.1 million.
HubSpot (HUBS) closed down more than -18% after forecasting Q2 revenue of $897 million to $898 million, weaker than the consensus of $899.4 million.
Mettler-Toledo International (MTD) closed down more than -14% to lead losers in the S&P 500 after forecasting Q2 adjusted EPS of $10.70 to $10.84, below the consensus of $10.94.
MercadoLibre (MELI) closed down more than -12% to lead losers in the Nasdaq 100 after reporting Q1 EPS of $8.23, weaker than the consensus of $8.51.
CoreWeave (CRWV) closed down more than -11% after reporting a Q1 loss per share of -$1.40, wider than the consensus of -$1.20 pe share.
Expedia Group (EXPE) closed down more than -9% after forecasting Q2 gross bookings of $32.5 billion to $33.1 billion, the midpoint below the consensus of $33.0 billion.
Fidelity National Information (FIS) closed down more than -7% after forecasting Q2 adjusted EPS of $1.45 to $1.49, the midpoint below the consensus of $1.49.
Earnings Reports(5/11/2026)
AECOM (ACM), Amentum Holdings Inc (AMTM), AST SpaceMobile Inc (ASTS), Certara Inc (CERT), Circle Internet Group Inc (CRCL), Constellation Energy Corp (CEG), Figure Technology Solutions Inc (FIGR), Fox Corp (FOXA), Halozyme Therapeutics Inc (HALO), Mosaic Co/The (MOS), Ovintiv Inc (OVV), Simon Property Group Inc (SPG), STERIS PLC (STE), ZoomInfo Technologies Inc (GTM).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- Stocks Finish Higher on Solid Earnings and a Resilient Labor Market
May 8, 2026
The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.84%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.35%. June E-mini S&P futures (ESM26) rose +0.79%, and June E-mini Nasdaq futures (NQM26) rose +2.37%.
Stock indexes settled higher on Friday, with the S&P 500 and Nasdaq 100 posting new record highs. Chipmaker and AI-infrastructure stocks led the overall market higher on Friday, offsetting concerns about the Iran war. Stronger-than-expected corporate earnings are pushing stocks higher. Weakness in software stocks on Friday weighed on the Dow Jones Industrial Average.
More News from Barchart
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Stock indexes also found support today on signs of resiliency in the US labor market after April nonfarm payrolls rose more than expected and March nonfarm payrolls were revised upward. Stocks rallied on Friday despite a larger-than-expected decline in US consumer sentiment to a record low.
US Apr nonfarm payrolls rose by +115,000, stronger than expectations of +65,000, and Mar nonfarm payrolls were revised upward to +185,000 from the previously reported +178,000. The Apr unemployment rate was unchanged at 4.3%, right on expectations.
US Apr average hourly earnings rose +0.2% m/m and +3.6% y/y, weaker than expectations of +0.3% m/m and +3.8% y/y.
The University of Michigan’s US May consumer sentiment index fell -1.6 to a record low of 48.2 (data from 1978), weaker than expectations of 49.5.
The University of Michigan US May 1-year inflation expectations rate unexpectedly eased to +4.5% from +4.7% in Apr, weaker than expectations of an increase to 4.8%. The May 5-10 year inflation expectations rate unexpectedly eased to +3.4%, weaker than expectations of no change at +3.5%.
In the latest developments in the Middle East, Iran's semi-official Tasnim news agency said Iran seized an oil tanker on Friday in the Strait of Hormuz for "attempting to disrupt oil exports and the interests of the Iranian nation." Also, US forces targeted missile and drone launch sites and other military assets in Iran that were responsible for attacking three US Navy destroyers transiting the Strait of Hormuz. The US is awaiting a response from Iran on a proposed deal to reopen the strait, and President Trump has threatened intense strikes if Iran refuses the deal.
Story Continues
WTI crude oil prices (CLM26) moved higher on Friday amid a report that Iran seized an oil tanker in the Strait of Hormuz for “violations.” Crude also has support from a report that said the US is looking to restart military operations as soon as next week to guide commercial ships through the Strait of Hormuz with naval and air support. The strait remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 6% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of Friday, 83% of the 446 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets settled lower on Friday. The Euro Stoxx 50 closed down -1.02%. China's Shanghai Composite fell from a 2-month high and closed unchanged. Japan's Nikkei Stock Average closed down by -0.19%.
Interest Rates
June 10-year T-notes (ZNM6) on Friday closed up +7.5 ticks. The 10-year T-note yield fell -2.1 bp to 4.365%. T-notes moved higher on Friday amid an increase in safe-haven demand after Iran seized an oil tanker in the Strait of Hormuz and US forces attacked missile and drone launch sites in Iran that were responsible for attacking three US Navy destroyers transiting the Strait of Hormuz. T-notes added to their gains on Friday after US consumer sentiment fell more than expected to a record low, and inflation expectations eased.
Friday’s US unemployment report was mixed for T-notes. Weaker-than-expected April hourly earnings suggested slack wage pressures and were supportive of T-notes. However, gains in T-notes were limited after April nonfarm payrolls rose more than expected.
European government bond yields are lower today. The 10-year German Bund yield rose +0.2 bp to 3.005%. The 10-year UK gilt yield fell to a 2-week low of 4.864% and finished down -3.6 bp to 4.912%.
German Mar industrial production unexpectedly fell by -0.7% m/m, weaker than expectations of a +0.4% m/m increase.
German trade news was better than expected, with Mar exports rising +0.5% m/m versus expectations of -1.5% m/m. Also, Mar imports rose +5.1% m/m, stronger than expectations of +0.5% m/m and the biggest increase in 2.75 years.
ECB Vice President Luis de Guindos said the most important determinant for interest rates at the ECB's June meeting will be "whether Hormuz is reopened or not."
ECB Executive Board member Isabel Schnabel said, "If the energy-price shock broadens, monetary policy will need to tighten to contain the risk of second-round effects threatening medium-term price stability."
ECB Governing Council member and Bundesbank President Joachim Nagel said the ECB is "highly vigilant" about rising inflation risks from the Iran war and will act as needed to prevent higher energy costs from spilling over into broader prices.
Swaps are discounting a 79% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers and AI-infrastructure stocks moved higher on Friday to lift the overall market. Sandisk (SNDK) closed up more than +15% to lead gainers in the Nasdaq 100, and Micron Technology (MU) closed up more than +14%. Also, Intel (INTC) closed up more than +13%, and Advanced Micro Devices (AMD) closed up more than +10%. In addition, Qualcomm (QCOM) closed up more than +8%, and Applied Materials (AMAT), KLA Corp (KLAC), and Marvell Technology (MRVL) closed up more than +5%. Finally, ASML Holding NV (ASML) closed up more than +4%, and Lam Research (LRCX), Broadcom (AVGO), and Western Digital (WDC) closed up more than +2%.
Mining stocks moved higher on Friday as gold, silver, and copper prices rallied. Anglogold Ashanti (AU) closed up more than +7%, and Southern Copper (SCCO) and Barrick Mining (B) closed up more than +3%. Also, Coeur Mining (CDE), Hecla Mining (HL), and Newmont Corp (NEM) closed up more than +2%, and Freeport McMoRan (FCX) closed up more than +1%.
Software stocks were on the defensive on Friday, limiting gains in the broader market. Salesforce (CRM), Autodesk (ADSK), Workday (WDAY), ServiceNow (NOW), and Intuit (INTU) closed down more than -2%. Also, Adobe (ADBE) and Microsoft (MSFT) closed down more than -1%.
Fluence Energy (FLNC) closed up more than +27% after Roth Capital Partners upgraded the stock to buy from neutral with a price target of $26.
Akamai Technologies (AKAM) closed up more than +26% to lead gainers in the S&P 500 after raising its full-year revenue forecast to $4.45 billion to $4.55 billion, the midpoint above the consensus of $4.47 billion, and announcing that an AI model provider had committed $1.8 billion over seven years for its Cloud Infrastructure Services.
Monster Beverage (MNST) closed up more than +13% after reporting Q1 net sales of $2.35 billion, better than the consensus of $2.15 billion.
Corpay (CPAY) closed up more than +12% after reporting Q1 revenue of $1.26 billion, above the consensus of $1.21 billion, and raising its full-year revenue estimate to $5.25 billion to $5.33 billion from a previous estimate of %5.22 billion to $5.32 billion.
Iren Ltd (IREN) closed up more than +8% after announcing that it signed a five-year $3.4 billion AI Cloud contract with Nvidia.
Block (XYZ) closed up more than +7% after reporting a Q1 adjusted EPS of 85 cents, stronger than the consensus of 67 cents, and raising its full-year profit forecast to $12.33 billion from a previous estimate of $12.20 billion, above the consensus of $12.15 billion.
Wendy’s (WEN) closed up more than +5% after reporting Q1 revenue of $540.6 million, stronger than the consensus of $517.7.
Cloudflare (NET) closed down more than -23% after it forecast Q2 revenue of $664 million to $665 million, below the consensus of $666.1 million.
HubSpot (HUBS) closed down more than -18% after forecasting Q2 revenue of $897 million to $898 million, weaker than the consensus of $899.4 million.
Mettler-Toledo International (MTD) closed down more than -14% to lead losers in the S&P 500 after forecasting Q2 adjusted EPS of $10.70 to $10.84, below the consensus of $10.94.
MercadoLibre (MELI) closed down more than -12% to lead losers in the Nasdaq 100 after reporting Q1 EPS of $8.23, weaker than the consensus of $8.51.
CoreWeave (CRWV) closed down more than -11% after reporting a Q1 loss per share of -$1.40, wider than the consensus of -$1.20 pe share.
Expedia Group (EXPE) closed down more than -9% after forecasting Q2 gross bookings of $32.5 billion to $33.1 billion, the midpoint below the consensus of $33.0 billion.
Fidelity National Information (FIS) closed down more than -7% after forecasting Q2 adjusted EPS of $1.45 to $1.49, the midpoint below the consensus of $1.49.
Earnings Reports(5/11/2026)
AECOM (ACM), Amentum Holdings Inc (AMTM), AST SpaceMobile Inc (ASTS), Certara Inc (CERT), Circle Internet Group Inc (CRCL), Constellation Energy Corp (CEG), Figure Technology Solutions Inc (FIGR), Fox Corp (FOXA), Halozyme Therapeutics Inc (HALO), Mosaic Co/The (MOS), Ovintiv Inc (OVV), Simon Property Group Inc (SPG), STERIS PLC (STE), ZoomInfo Technologies Inc (GTM).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
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- Earnings Strength Lifts S&P 500 and Nasdaq 100 to Record Highs
May 8, 2026
The S&P 500 Index ($SPX) (SPY) today is up +0.79%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.74%. June E-mini S&P futures (ESM26) are up +0.77%, and June E-mini Nasdaq futures (NQM26) are up +1.72%.
Stock indexes are moving higher today, with the S&P 500 and Nasdaq 100 posting new record highs. Chipmaker and AI-infrastructure stocks are leading the overall market higher today, offsetting Iran war concerns. Stronger-than-expected corporate earnings are pushing stocks higher. Weakness in software stocks is limiting gains in the Dow Jones Industrial Average.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stock indexes also found support today on signs of resiliency in the US labor market after April nonfarm payrolls rose more than expected and March nonfarm payrolls were revised upward. Stocks are climbing today despite a larger-than-expected decline in US consumer sentiment to a record low.
US Apr nonfarm payrolls rose by +115,000, stronger than expectations of +65,000, and Mar nonfarm payrolls were revised upward to +185,000 from the previously reported +178,000. The Apr unemployment rate was unchanged at 4.3%, right on expectations.
US Apr average hourly earnings rose +0.2% m/m and +3.6% y/y, weaker than expectations of +0.3% m/m and +3.8% y/y.
The University of Michigan’s US May consumer sentiment index fell -1.6 to a record low of 48.2 (data from 1978), weaker than expectations of 49.5.
The University of Michigan US May 1-year inflation expectations rate unexpectedly eased to +4.5% from +4.7% in Apr, weaker than expectations of an increase to 4.8%. The May 5-10 year inflation expectations rate unexpectedly eased to +3.4%, weaker than expectations of no change at +3.5%.
In the latest developments in the Middle East, Iran's semi-official Tasnim news agency said Iran seized an oil tanker today in the Strait of Hormuz for "attempting to disrupt oil exports and the interests of the Iranian nation." Also, US forces targeted missile and drone launch sites and other military assets in Iran that were responsible for attacking three US Navy destroyers transiting the Strait of Hormuz. The US is awaiting a response from Iran on a proposed deal to reopen the strait, and President Trump has threatened intense strikes if Iran refuses the deal.
WTI crude oil prices (CLM26) are up slightly today amid a report that Iran seized an oil tanker in the Strait of Hormuz for “violations.” Crude also has support from a report that said the US is looking to restart military operations as soon as next week to guide commercial ships through the Strait of Hormuz with naval and air support. The strait remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 6% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of today, 84% of the 425 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets are lower today. The Euro Stoxx 50 is down -0.81%. China's Shanghai Composite fell from a 2-month high and closed unchanged. Japan's Nikkei Stock Average closed down by -0.19%.
Interest Rates
June 10-year T-notes (ZNM6) today are up +9 ticks. The 10-year T-note yield is down -3.3 bp to 4.353%. T-notes are moving higher today on an increase in safe-haven demand after Iran seized an oil tanker today in the Strait of Hormuz and US forces attacked missile and drone launch sites and other military assets in Iran that were responsible for attacking three US Navy destroyers transiting the Strait of Hormuz. T-notes added to their gains today after US consumer sentiment fell more than expected to a record low, and inflation expectations eased.
Today’s US unemployment report was mixed for T-notes. Weaker-than-expected April hourly earnings suggested slack wage pressures and were supportive of T-notes. However, gains in T-notes were limited after April nonfarm payrolls rose more than expected.
European government bond yields are lower today. The 10-year German Bund yield is down -0.7 bp to 2.996%. The 10-year UK gilt yield fell to a 2-week low of 4.864% and is down -6.0 bp to 4.888%.
German Mar industrial production unexpectedly fell by -0.7% m/m, weaker than expectations of a +0.4% m/m increase.
German trade news was better than expected, with Mar exports rising +0.5% m/m versus expectations of -1.5% m/m. Also, Mar imports rose +5.1% m/m, stronger than expectations of +0.5% m/m and the biggest increase in 2.75 years.
ECB Vice President Luis de Guindos said the most important determinant for interest rates at the ECB's June meeting will be "whether Hormuz is reopened or not."
ECB Executive Board member Isabel Schnabel said, "If the energy-price shock broadens, monetary policy will need to tighten to contain the risk of second-round effects threatening medium-term price stability."
Swaps are discounting a 78% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers and AI-infrastructure stocks are climbing today to lift the overall market. Micron Technology (MU) and Sandisk (SNDK) are up more than +9%, and Qualcomm (QCOM) is up more than +8%. Also, Advanced Micro Devices (AMD) is up more than +6%, and KLA Corp (KLAC) and Intel (INTC) are up more than +5%. In addition, Applied Materials (AMAT) and Seagate Technology Holdings Plc (STX) are up more than +4%, and Marvell Technology (MRVL) and Western Digital (WDC) are up more than +3%. Finally, ASML Holding NV (ASML), Lam Research (LRCX), Broadcom (AVGO), and Analog Devices (ADI) are up more than +2%.
Mining stocks are moving higher today as gold, silver, and copper prices climb. Anglogold Ashanti (AU) is up more than +6%, and Coeur Mining (CDE) and Southern Copper (SCCO) are up more than +3%. Also, Barrick Mining (B), Hecla Mining (HL), and Newmont Corp (NEM) are up more than +2%, and Freeport McMoRan (FCX) is up more than +1%.
Software stocks are on the defensive today, limiting gains in the broader market. Atlassian (TEAM) is down more than -7%, and Salesforce (CRM) is down more than -4% to lead losers in the Dow Jones industrials. Also, Workday (WDAY), ServiceNow (NOW), and Intuit (INTU) are down more than -4%, and Adobe (ADBE) and Autodesk (ADSK) are down more than -2%. In addition, Microsoft (MSFT) is down more than -1%.
Fluence Energy (FLNC) is up more than +31% after Roth Capital Partners upgraded the stock to buy from neutral with a price target of $26.
Akamai Technologies (AKAM) is up more than +20% to lead gainers in the S&P 500 after raising its full-year revenue forecast to $4.45 billion to $4.55 billion, the midpoint above the consensus of $4.47 billion, and announcing that an AI model provider had committed $1.8 billion over seven years for its Cloud Infrastructure Services.
Monster Beverage (MNST) is up more than +13% to lead gainers in the Nasdaq 100 after reporting Q1 net sales of $2.35 billion, better than the consensus of $2.15 billion.
Corpay (CPAY) is up more than +10% after reporting Q1 revenue of $1.26 billion, above the consensus of $1.21 billion, and raising its full-year revenue estimate to $5.25 billion to $5.33 billion from a previous estimate of %5.22 billion to $5.32 billion.
Iren Ltd (IREN) is up more than +9% after announcing that it signed a five-year $3.4 billion AI Cloud contract with Nvidia.
Block (XYZ) is up more than +6% after reporting a Q1 adjusted EPS of 85 cents, stronger than the consensus of 67 cents, and raising its full-year profit forecast to $12.33 billion from a previous estimate of $12.20 billion, above the consensus of $12.15 billion.
Wendy’s (WEN) is up more than +5% after reporting Q1 revenue of $540.6 million, stronger than the consensus of $517.7.
Cloudflare (NET) is down more than -23% after it forecast Q2 revenue of $664 million to $665 million, below the consensus of $666.1 million.
HubSpot (HUBS) is down more than -22% after forecasting Q2 revenue of $897 million to $898 million, weaker than the consensus of $899.4 million.
Mettler-Toledo International (MTD) is down more than -12% to lead losers in the S&P 500 after forecasting Q2 adjusted EPS of $10.70 to $10.84, below the consensus of $10.94.
CoreWeave (CRWV) is down more than -11% after reporting a Q1 loss per share of -$1.40, wider than the consensus of -$1.20 pe share.
MercadoLibre (MELI) is down more than -10% to lead losers in the Nasdaq 100 after reporting Q1 EPS of $8.23, weaker than the consensus of $8.51.
Expedia Group (EXPE) is down more than -7% after forecasting Q2 gross bookings of $32.5 billion to $33.1 billion, the midpoint below the consensus of $33.0 billion.
Trade Desk (TTD) is down more than -6% after reporting Q1 adjusted EPS of 28 cents, weaker than the consensus of 32 cents.
Earnings Reports(5/8/2026)
Anglogold Ashanti Plc (AU), Brookfield Asset Management Ltd (BAM), EchoStar Corp (SATS), Fidelity National Information (FIS), Janus Henderson Group PLC (JHG), Madison Square Garden Sports Corp (MSGS), Oshkosh Corp (OSK), PPL Corp (PPL), QXO Inc (QXO), Starwood Property Trust Inc (STWD), Trump Media & Technology Group (DJT), Ubiquiti Inc (UI), Wendy's Co/The (WEN). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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As CPUs Steal the Show, AMD Stock Just Got a New Street-High Price TargetIt’s Not Just About the $1.50 Hot Dog Combo: Costco’s Going to Court Because It Wants to Give You Tariff RefundsVital Farms Stock Plummets 25% Following Q1 Earnings. Here's Why.Axon Enterprises Climbs on International Taser Demand. Here's What's Next for AXON Stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
